Choosing the best health insurance just got easy

We've done extensive research to provide you with the best options for health insurance.

All you need to do is choose the option that suits you best. The information you provide us with will be kept strictly confidential.
Get started >>>

Find affordable health care coverage.

Are you looking for Medicare quotes?

Yes No

Top Health Insurance Companies

Apply Online for Health Insurance in Minutes
: Blue Cross, Aetna, & United Health Plans From $8.95/Week!
Find Virginia TrumpCare Plans

Compare Insurance Quotes Now!

Health care costs account for more than half of federal revenue in 2009 Posted: January 7th, 2011

By Maryalene LaPonsie

Despite a historically low percentage of growth, health care spending accounted for more than 54 percent of federal revenues in 2009. That's a 16 percent increase from 2008. The increase is attributed to rising federal health care costs combined with declining federal revenues resulting from the economic recession.

$8,086 Average

The numbers are part of an analysis completed by the federal Centers for Medicare & Medicaid Services (CMS). At 4 percent, overall health care spending in the United States experienced the slowest level of growth recorded since the government began its tracking 50 years ago. Spending totaled $2.5 trillion and averaged $8,086 per person.

Federal health care spending increased by 18 percent overall. Medicare costs rose 21 percent while the Medicaid program saw a 22 percent jump in its health care spending.

Meanwhile, private health insurance companies experienced a 3.2 percent decline in enrollment which helped limit spending growth to 1.3 percent in 2009.

Home health care rises

Health care categories seeing the largest increases in spending growth include:

  • Home health care: 10 percent
  • Retail prescription drugs: 5.3 percent
  • Hospitals: 5.1 percent
  • Physicians and clinical care: 4 percent